EUR/GBP – 1H – SELLThe combination moves from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 0.83539 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.83851 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84042 |
| 2nd High | 0.83880 |
| Next High | 0.83851 |
| Current Price | 0.83702 |
| Next Low | 0.83539 |
| 2nd Low | 0.83422 |
| 3rd Low | 0.83193 |